XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.2
REVENUE
6 Months Ended
Jun. 29, 2019
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregation of Revenue. The Company's revenue disaggregated by major product category and timing of revenue recognition was as follows (in thousands):
 
For the 13 Weeks Ended June 29, 2019
 
Americas
 
Europe
 
Asia
 
Corporate
 
Total
Product type
 
 
 
 
 
 
 
 
 
Watches
$
185,131

 
$
114,471

 
$
113,624

 
$
59

 
$
413,285

Leathers
33,637

 
9,229

 
9,764

 

 
52,630

Jewelry
1,642

 
18,425

 
719

 

 
20,786

Other
2,697

 
4,957

 
2,168

 
4,870

 
14,692

Consolidated
$
223,107

 
$
147,082

 
$
126,275

 
$
4,929

 
$
501,393

 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition
 
 
 
 
 
 
 
 
 
Revenue recognized at a point in time
$
222,365

 
$
146,728

 
$
126,083

 
$
2,427

 
$
497,603

Revenue recognized over time
742

 
354

 
192

 
2,502

 
3,790

Consolidated
$
223,107

 
$
147,082

 
$
126,275

 
$
4,929

 
$
501,393


 
For the 13 Weeks Ended June 30, 2018
 
Americas
 
Europe
 
Asia
 
Corporate
 
Total
Product type
 
 
 
 
 
 
 
 
 
Watches
$
221,637

 
$
136,760

 
$
104,593

 
$

 
$
462,990

Leathers
42,757

 
12,915

 
12,248

 

 
67,920

Jewelry
10,454

 
21,151

 
1,499

 

 
33,104

Other
4,043

 
4,984

 
2,570

 
972

 
12,569

Consolidated
$
278,891

 
$
175,810

 
$
120,910

 
$
972

 
$
576,583

 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition
 
 
 
 
 
 
 
 
 
Revenue recognized at a point in time
$
278,354

 
$
175,562

 
$
120,790

 
$
972

 
$
575,678

Revenue recognized over time
537

 
248

 
120

 

 
905

Consolidated
$
278,891

 
$
175,810

 
$
120,910

 
$
972

 
$
576,583

 
For the 26 Weeks Ended June 29, 2019
 
Americas
 
Europe
 
Asia
 
Corporate
 
Total
Product Type
 
 
 
 
 
 
 
 
 
Watches
$
333,448

 
$
230,723

 
$
215,230

 
$
62

 
$
779,463

Leathers
64,389

 
20,586

 
21,559

 

 
106,534

Jewelry
10,818

 
39,175

 
1,953

 

 
51,946

Other
4,821

 
9,876

 
4,432

 
9,589

 
28,718

Consolidated
$
413,476

 
$
300,360

 
$
243,174

 
$
9,651

 
$
966,661

 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition
 
 
 
 
 
 
 
 
 
Revenue recognized at a point in time
$
412,066

 
$
299,645

 
$
242,789

 
$
3,599

 
$
958,099

Revenue recognized over time
1,410

 
715

 
385

 
6,052

 
8,562

Consolidated
$
413,476

 
$
300,360

 
$
243,174

 
$
9,651

 
$
966,661

 
For the 26 Weeks Ended June 30, 2018
 
Americas
 
Europe
 
Asia
 
Corporate
 
Total
Product Type
 
 
 
 
 
 
 
 
 
Watches
$
417,314

 
$
287,555

 
$
205,736

 
$

 
$
910,605

Leathers
81,087

 
30,953

 
25,139

 

 
137,179

Jewelry
22,477

 
49,658

 
2,774

 

 
74,909

Other
7,080

 
9,432

 
5,123

 
1,411

 
23,046

Consolidated
$
527,958

 
$
377,598

 
$
238,772

 
$
1,411

 
$
1,145,739

 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition
 
 
 
 
 
 
 
 
 
Revenue recognized at a point in time
$
526,965

 
$
377,126

 
$
238,548

 
$
1,411

 
$
1,144,050

Revenue recognized over time
993

 
472

 
224

 

 
1,689

Consolidated
$
527,958

 
$
377,598

 
$
238,772

 
$
1,411

 
$
1,145,739


Contract Balances. As of June 29, 2019, the Company had no material contract assets on the Company's condensed consolidated balance sheets and no deferred contract costs. The Company had contract liabilities of (i) $17.7 million and $21.8 million as of June 29, 2019 and December 29, 2018, respectively, related to remaining performance obligations on licensing income, (ii) $5.4 million and $6.2 million as of June 29, 2019 and December 29, 2018, respectively, primarily related to remaining performance obligations on wearable technology products and (iii) $3.1 million and $3.8 million as of June 29, 2019 and December 29, 2018, respectively, related to gift cards issued.